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Extension to the recovery loan scheme from August 2022

Extension to the recovery loan scheme from August 2022

April Foster


The government has announced an extension to the Recovery Loan Scheme (RLS) from August 2022. Brought in to support UK businesses during the Covid-19 pandemic, the newest version of RLS is now open for applications. 

The RLS is open to UK businesses of any size who can demonstrate that they have been adversely impacted by the pandemic.
Loans are available through a network of accredited lenders listed on the British Business Bank’s website

Although the maximum loan size remains at up to £2million, UK lenders may now require a personal guarantee from the borrower, in line with standard commercial practice. 

For more information, visit

If you have you have any questions about the above, please contact your usual Moore advisor.